Fund offers strike protection
EmptyEyeing a possible actors strike in July, one of the industry's largest insurance carriers, Fireman's Fund, is offering strike expense coverage for production companies with films set to wrap before June.
"We want to address production companies' concerns and provide them with additional support during this time of uncertainty," Fireman vp entertainment Joe Finnegan said Tuesday. "We believe this coverage extension will help facilitate the financing and production of more film projects that are scheduled to wrap principal photography ahead of possible strike or lockout."
The contract between SAG-AFTRA and the Alliance of Motion Picture & Television Producers is set to expire June 30. No talks have been set.
The insurance carrier requires that a completion bond be in place before coverage and that production companies have a scheduled completion date of before June 15.